How many times would you push the button?

I'm just making it up so Stachuk can't be happy.

You're right. None of us (except maybe dbax0999) knows what would happen. We're kind of making it up as we go.
 
I can't believe anyone would press the button, risking a fairly high chance of dying, for just $20,000. That's MAYBE enough to sustain an adult for a year in many parts of the US. I think this is skewed by the number of young people who may not consider how poor the risk-reward is in this instance.

And I frankly don't believe any of you (if you value your life much), given the actual opportunity, would actually be able to press the button. Contemplating is very different from really doing it.
 
StefanPochmann said:
Why do many of you assume you know anything about what would happen if someone other than you pressed the button? You weren't told anything about that. Maybe if you let another person or a robot push the button, you die instantly? Or the planet explodes?
Click to expand...

Good points. Are there any other (side)effects than getting $20,000 when you push the button?
When you die, is it just you? If not, a terrorist would definitely push it to explode the whole world.
Can I open up the button to see how it works? And somehow disable it?
May I put the button on my shirt? That way, if someone try to rob me, they would either die or leave me alone after obtaining $20,000.
 
It really depends. If I'm myself (a health 14 year old boy) I wouldn't press it. If I was a 65 year old guy who needed a $20,000 surgery to cure his cancer, then I might press it.
 
Robert-Y said:
Hmm would anyone push the button if there was a 10% chance of getting killed? If so, what about 20% and so on and so on...

(Someone turn this into a good question, I can't seem to find the right words...)
Click to expand...

An interesting question for those who wouldn't press the the button:

You have two buttons:
Press button 1 and you have a 1% chance of instant death, and you gain $20,000
Press button 2 and you have a 10% chance of instant death, and you gain $20,000,000
If no button is pressed you have a 100% chance of instant death. :eek:
 
Logan said:
I'm just making it up so Stachuk can't be happy.

You're right. None of us (except maybe dbax0999) knows what would happen. We're kind of making it up as we go.
Click to expand...

Yeah I don't even know what happens. My friend (I believe his name is r3v34l on this forum. He never posts) just told me he saw this on some other forum, so I thought I'd ask it here. :P
 
Hell yeah I would press it 2-3 times..

I mean, we don't know it but we are occasionally placed in a situation where there is a 1% chance we would die. For example, not checking the brakes in your car monthly might give you a 1% chance of dying every time you drive. Or taking alcohol before driving..

Heck if we would give up that 1% for laziness and getting drunk I don't see why not to press that button and get 20k
 
Wait until you're 100 years old or something, push it all the time you want until you die, and give the rest to your children or something lol.
 
I've heard that people implicitly value their lives at ~$10 million... what this means is that, to take a job that has a (say) 1/1000 chance of killing them each year, they'd need $10k extra per year to be just as willing to take that job.

So I guess you could say that a typical, rational person would expect $100k for a 1% chance of death.
 
Maybe if it were for a life-changing amount. I am a poker-player and I am used to getting screwed when I have +++EV. But 1% is very good odds. It is an understatement to say that you most likely won't die. But for $20,000? That's not enough to compensate for the risk; this my life we're talking about...perhaps $500,000 would yield ONE click from me. It's not that I don't value my life, but I could die tomorrow from a freak accident and a 1% risk for a large enough amount is probably worth the leap.
 
StefanPochmann said:
Why do some of you assume you know anything about what would happen if someone other than you pressed the button? You weren't told anything about that. Maybe if you let another person or a robot push the button, you die instantly? Or the planet explodes?
Click to expand...

That's one badass button...

Also, where would this money come from? Would a guy in a hat come up to you and say "HAVE THIS.... sir!", or does it just appear out of nowhere. If there is a man who delivers the money, kidnap him (yes, you would have to press the button once, but it would be worth it) and wait until someone starts looking for him. Then, kidnap those who are looking for him as well, and make them work in a "sadistic button"-sweatshop for the rest of their lives, producing more of these cruel buttons, which you can later sell to evil corporations as torture methods...
 
I would of calculated the "expected" payoff for this game. But someone has done so already. And the answer is not to take part in it and win $0.

Actually, this was the stuation Japan faced when the second atomic bomb was used on August 9, 1945. Continue on and face a loss of minus infinity (total nuclear wipe out) and believe Japan COULD still win the war and HOPE the US had no more atomic bombs or take a costly (but finite large) loss and lose alot of grace but still have Japan exist on this planet. We all know what happened next.
 
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